Forbes – Edward Conroy
“The Department of Education (ED) announced fixes to two major student loan repayment system components yesterday. Over the course of this year, ED will roll out fixes for Income-Driven Repayment (IDR) and other changes that will speed up forgiveness for some borrowers under Public Service Loan Forgiveness (PSLF). Estimates from the office of Federal Student Aid (FSA) noted that the changes would lead to immediate debt cancellation for at least 40,000 borrowers working towards PSLF and forgiveness for several thousand borrowers who have older loans enrolled in one of the IDR repayment plans.” (more)